Confluence Investment Management LLC Buys New Position in iShares iBonds Dec 2029 Term Treasury ETF $IBTJ

Confluence Investment Management LLC bought a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) in the 3rd quarter, Holdings Channel.com reports. The fund bought 542,665 shares of the company’s stock, valued at approximately $11,674,000.

Several other hedge funds have also recently added to or reduced their stakes in IBTJ. NewEdge Advisors LLC grew its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 6.5% during the 1st quarter. NewEdge Advisors LLC now owns 454,037 shares of the company’s stock worth $9,918,000 after acquiring an additional 27,825 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 59.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 254,141 shares of the company’s stock valued at $5,551,000 after buying an additional 94,538 shares during the last quarter. Parallel Advisors LLC raised its stake in iShares iBonds Dec 2029 Term Treasury ETF by 4.9% during the 1st quarter. Parallel Advisors LLC now owns 149,253 shares of the company’s stock worth $3,260,000 after acquiring an additional 7,024 shares in the last quarter. Boston Family Office LLC lifted its position in iShares iBonds Dec 2029 Term Treasury ETF by 14.9% in the fourth quarter. Boston Family Office LLC now owns 126,211 shares of the company’s stock valued at $2,770,000 after acquiring an additional 16,345 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new position in iShares iBonds Dec 2029 Term Treasury ETF in the fourth quarter valued at $2,152,000.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

Shares of IBTJ stock traded down $0.03 during mid-day trading on Thursday, hitting $21.20. 132,121 shares of the stock were exchanged, compared to its average volume of 292,588. The stock’s fifty day simple moving average is $21.45 and its two-hundred day simple moving average is $21.61. iShares iBonds Dec 2029 Term Treasury ETF has a 12-month low of $21.16 and a 12-month high of $22.13.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a dividend of $0.0668 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. This is a drop from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.0695.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.